On
GBPUSD
, the market moves sideways on 1H bars, and it gives a great opportunity for harmonic traders to make money. The price going up and getting close to swing highs. That the zone where the most of the sell orders are placed and buyers are going to lock their profits. These actions cause the price drop. Moreover, the bat pattern finishes its D leg exactly the reversal zone (red box), which also gives a signal to go short.
T1 - 38.2%
T2 - 61.8%
-----------------------------------------------------------------------------------------------------------------------------------------------------
Trading Books Online - www.trading-library.com
Top 10 Forex Broker: www.best10forex.com
GBPUSD
, the market moves sideways on 1H bars, and it gives a great opportunity for harmonic traders to make money. The price going up and getting close to swing highs. That the zone where the most of the sell orders are placed and buyers are going to lock their profits. These actions cause the price drop. Moreover, the bat pattern finishes its D leg exactly the reversal zone (red box), which also gives a signal to go short. T1 - 38.2%
T2 - 61.8%
-----------------------------------------------------------------------------------------------------------------------------------------------------
Trading Books Online - www.trading-library.com
Top 10 Forex Broker: www.best10forex.com
Comment:
T1 and T2 Hit
